#myrefund: How MarketWatch readers plan to spend their tax refunds

By Jonnelle Marte

Every year around this time, Americans take what is often the largest windfall they’ll get all year — their tax refunds — and put the money in the bank or use it to fix up their homes, upgrade their wardrobes or pay for a getaway. So far this year, the average check is $2,800 and more than 70 million taxpayers have already received the cash, according to the Internal Revenue Service. Here is a look at what MarketWatch readers say they plan to do with the extra money:

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About Tax Watch

Only two things in this world can be said to be certain, according to Benjamin Franklin. Tax Watch is about one of them. The blog examines the complicated tax issues and legislative changes to help you tackle tough personal finance challenges – and avoid costly tax missteps. The lead writer is MarketWatch reporter Jonnelle Marte. Contributors include columnists Bill Bischoff, Andrea Coombes, and Eva Rosenberg.